PAND 55
ActiveThe annual accounts of PAND 55 for fiscal year 2024 show a net loss of 52% of the equity at the start of that year. The 2024 annual accounts show equity of €31k and a net result of €-35k. Equity is shrinking by ~22.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 9% of 8092 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability26▼-11
Solvency28▼-5
Growth58=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.01 against 0.05 in 2023; short-term debt: 48.5% and cash: 0.6% of total assets), and 96.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
3.4%
Return on assets
-3.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-35k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8092 sector peers (2024).
NBB · sector comparisonPosition among 8092 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
1 d early
2022
18 d early
2021
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€31k▼ 52.4%
2023 · €66k
2021: €80k
2022: €82k
2023: €66k
2021 → 2024
Total assets
€918k▲ 11.4%
2023 · €824k
2021: €525k
2022: €512k
2023: €824k
2021 → 2024
Net result
€-35k▼ 116%
2023 · €-16k
2021: €-70k
2022: €2k
2023: €-16k
2021 → 2024
Working capital
€-439k▼ 64.7%
2023 · €-267k
2021: €-39k
2022: €-42k
2023: €-267k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€80k-€82k▲ 2.5%€66k▼ 19.6%€31k▼ 52.4%
Operating result€-59k-€12k€-9k€-27k▼ 186%
Net result€-70k-€2k€-16k€-35k▼ 116%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2024 against €9k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €918k
Fixed assets
€913k▲ 12.6%
Current assets
€5k▼ 59.0%
Equity and liabilities €918k
Equity
€31k▼ 52.4%
Debt
€887k▲ 17.0%
The debt ratio rises from 92.0% to 96.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12k▼
2023 · €17k
Cash flow
€4k▼
2023 · €10k
Solvency
3.4%▼
2023 · 8.0%
Current ratio
0.01▼
2023 · 0.05
Quick ratio
0.01▼
2023 · 0.05
Debt / equity
28.16▲
2023 · 11.45
ROE
-110.3%▼
2023 · -24.3%
ROA
-3.8%▼
2023 · -2.0%
Interest coverage
1.46▼
2023 · 2.45
Debt
€887k▲
2023 · €758k
Debt ≤ 1 year
€445k▲
2023 · €280k
Debt > 1 year
€442k▼
2023 · €476k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€824k€918k▲
Fixed assets21/28€811k€913k▲
Tangible fixed assets22/27€811k€913k▲
Land and buildings22€811k€913k▲
Current assets29/58€13k€5k▼
Cash at bank and in hand54/58€13k€5k▼
Equity and liabilities
Total equity and liabilities10/49€824k€918k▲
Equity10/15€66k€31k▼
Contributions10/11€150k€150k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-86k€-121k▼
Amounts payable17/49€758k€887k▲
Amounts payable after more than one year17€476k€442k▼
Financial debts170/4€476k€442k▼
Amounts payable within one year42/48€280k€445k▲
Current portion of amounts payable after more than one year42€34k€34k▲
Trade debts44€9k€12k▲
Suppliers440/4€9k€12k▲
Advances received on contracts in progress46€3k€3k=
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€234k€393k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€38k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€19k€15k▼
Operating profit (loss)9901€-9k€-27k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€-16k€-35k▼
Profit (loss) for the period9904€-16k€-35k▼
Profit (loss) for the period to be appropriated9905€-16k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-121k▼
Profit (loss) brought forward from the previous period14P€-70k€-86k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 13 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schuttershofstraat 552800 MechelenGround area
447 m²
Building footprint
445 m²
Volume, LiDAR
2,365 m³
Parcel 12025D0803/00H000, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PAND 55
since 20212.313.019.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025D0803/00H000 | Flanders | 447 m² | 1 · 445 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JOFRAN INVEST
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Yukon
BE 1027.991.845
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Sigmund
BE 0824.731.018
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XAROS
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Braine-le-Comte · Eq €31k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 34,778 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.